508-753-1400
SOLD - Assisted Living #15687
Massachusetts
Asking Price: $1,200,000
Cash Flow: $230,000
Gross Revenue: $843,399
Real Estate: Included in asking price
Seller Financing Available
Business Description
These opportunities go quickly!
If you're looking to get into the long-term care industry or just want to expand your holdings, this is a wonderful opportunity to own this "less than" 40 bed home.
Rest Homes are different than nursing homes or assisted livings - think "hybrid". No complicated Medicare and Medicaid and they operate like assisted livings with no need for licensed administrators.
A moratorium on new licenses has existed since 1993 so no worries about new competition coming into the market. Own the business and the real estate. Don't delay.
Detailed Information
Established: 1970
Location: Essex County, MA
Employees: 16
Real Estate: Owned / Included in asking price
Building SF: 10,000
Facilities: 10,000 sq. ft. with plenty of parking
Financing: $100,000 @ 5% 5-years
Support & Training: Seller supports transitional training
Reason for Selling: Other Interests
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